Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Philip Sessoms (Sessoms), currently associated with Mutual of Omaha Investor Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Sessoms recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,000.00 on July 21, 2021.
Clients alleged they incurred tax liability resulting from the representative’s guidance to sell company stock options in order to pay life insurance premiums. The firm’s review found no evidence of mishandling by the representative. To bring resolution to this matter, the insurance company rescinded clients’ fixed life insurance contracts with premiums refunded.